Published Feb 4, 2023 The Bureau of Labor Statistics (BLS) is a federal agency that collects, analyzes, and publishes data on the labor market in the United States. It is part of the U.S. Department of Labor and is responsible for providing information on employment, wages, prices, productivity, and other economic indicators. The BLS publishes a wide range of data on its website. For example, it provides information on the unemployment rate, average wages, and the number of people employed in various industries. It also publishes data on the number of job openings, the number of people who quit their jobs, and the number of people who are laid off. In addition to that, the BLS also publishes data on the number of people who are working part-time for economic reasons, the number of people who are working multiple jobs, and the number of people who are working in the gig economy. The Bureau of Labor Statistics is an important source of information for policymakers, economists, and other economic stakeholders. Its data is used to inform decisions on economic policy, labor market regulations, and other important matters. In addition to that, the BLS data is also used by businesses to make decisions on hiring, wages, and other matters related to the labor market. Finally, the BLS data can also be used by individuals to make decisions on their career paths and job searches.Definition of Bureau of Labor Statistics (BLS)
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Why the Bureau of Labor Statistics Matters
Macroeconomics